Silgan Holdings (SLGN) Insider Makes Significant Share Sale

Wednesday, February 14, 2018 10:15 PM ET

Silgan Holdings (SLGN) Insider Makes Significant Share Sale

A filing with the SEC today revealed a significant insider sale of Silgan Holdings shares as — D Greg Horrigan, 10% Owner and Director — sold 355,934 shares in the company having a market value of approximately $9,971,017. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 25,642 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 381,576 shares and have averaged 190,788 shares per transaction over this time period.

Relative to its peers over the last 90 days, insider buy/sell trading at Silgan Holdings is higher than the 15-company peer group average. Non-Paper Containers & Packaging peer group saw 9 buy/sell trades during this period for an average of 0.6 transactions per company. The number of shares per buy/sell trade for Silgan Holdings insiders was also higher. Within the peer group there were 0 shares purchased and 62,988 shares sold with company insiders having sold 6,999 shares on average.

The data used in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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